Franco-Nevada Adjusted Net Income Rises to $1.08 Billion
The royalty company reported an Adjusted Net Income Margin of 59.0% for the year ended December 31, 2025
Franco-Nevada Corporation (FNV), a royalty and streaming company, reported adjusted net income of $1,075.2 million for the year ended December 31, 2025. This figure rose from the $618.1 million reported for the year ended December 31, 2024.
Revenue for the full year ended December 31, 2025, was $1,822.8 million. The company reported revenue of $1,113.6 million for the prior year.
The company's adjusted net income margin rose to 59.0% for the year ended December 31, 2025. The margin was 55.5% for the year ended December 31, 2024.
For the three months ended December 31, 2025, adjusted net income was $356.2 million. The company reported adjusted net income of $183.3 million for the three months ended December 31, 2024. Revenue for the three-month period ended December 31, 2025, was $597.3 million, compared to $321.0 million for the same period in 2024.
Adjusted net income per share for the year ended December 31, 2025, was $5.58. The company reported $3.21 a share for the year ended December 31, 2024. For the three months ended December 31, 2025, adjusted net income per share was $1.85, compared to $0.95 a share for the three months ended December 31, 2024.
Basic earnings per share for the year ended December 31, 2025, were $5.77. The company reported $2.87 a share for the year ended December 31, 2024. For the three months ended December 31, 2025, basic earnings per share were $1.91, compared to $0.91 a share for the three months ended December 31, 2024.